China internet pioneer urges students to skip graduate school, defer start-up plans
Rupert Hoogewerf , chairman and chief researcher at Hurun Research Institute, which was posted on
ByteDance 's
Douyin platform.
Hoogewerf's Hurun is best known for the
Hurun Rich List , an annual ranking of the world's wealthiest individuals and most successful entrepreneurs.
Zhang, 60, suggested that college graduates can 'think about starting some business', as they gained know-how from working at a company.
After obtaining a PhD in physics at the Massachusetts Institute of Technology in 1993, Zhang joined Internet Securities and returned to Beijing to establish the US firm's operations in China. In 1996, Zhang founded Internet Technologies China, which became the first mainland internet company to raise
venture capital funding. A year later, the firm's name was changed to Sohu.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
32 minutes ago
- South China Morning Post
Trump's order to end ‘de minimis' tariff break expands from China to rest of the world
Washington's decision to suspend the 'de minimis' tariff exemption for all countries – expanding on an earlier move that targeted Chinese shipments – is set to disrupt and ultimately reshape the global cross-border e-commerce sector, analysts said. The White House announced the order on Wednesday as part of efforts to close loopholes used to evade tariffs and smuggle 'deadly synthetic opioids as well as other unsafe or below-market products' into the United States. It will come into effect on August 29. In May, the US eliminated the exemption – which had allowed small packages worth less than US$800 to enter the country duty-free – for goods from China . The move aimed to close what many considered a regulatory loophole exploited by Chinese platforms like Temu and Shein to rapidly scale their businesses. Experts said the latest action marked a return to trade normalcy and left Chinese exporters with limited options: either compete in an already saturated domestic market, or battle fellow Chinese sellers abroad. 'Before, they could source from other countries to get around rules — that's no longer viable, as the pathways to the US market are all blocked,' said Zhuang Bo, global macro strategist at Loomis Sayles Investment Asia, an affiliate of Natixis Investment Managers.
South China Morning Post
2 hours ago
- South China Morning Post
PLA unveils 10GW microwave weapon blueprint with ultra-fast firing ‘superradiance' tech
Chinese military scientists have revealed the design of a microwave weapon theoretically capable of firing 10 gigawatt power beams at a repeating rate of 126 million times per second. The inspiration for the blueprint can be traced back to an explosive quantum phenomenon first glimpsed in Soviet laboratories during the Cold War The concept is rooted in the physics of 'superradiance', a design that promises unprecedented peak power, efficiency and firing speed – a combination that would mark a dramatic leap beyond limitations that have long constrained high-power microwave systems. Published in a recent paper by a team from the PLA Academy of Military Sciences and Key Laboratory of Advanced Science and Technology on High Power Microwave, the design outlines a compact, relativistic electron beam device that leverages a non-uniform slow-wave structure and precision feedback control to generate a rapid-fire sequence of sub-nanosecond-scale microwave bursts. Computer simulations show the system producing a first pulse with a peak power of 16.6GW – boosting input power with conversion efficiency up to 143 per cent without violating the law of power conservation. Instead, it leveraged the coherent, avalanche-like emission of radiation from tightly bunched electrons. Subsequent pulses maintained power above 10GW, each lasting just 0.77 nanoseconds, with a central frequency of about 9.7 gigahertz. Crucially, the pulse train repeated at 126 megahertz, a rate once considered unattainable for weapons-grade systems due to thermal, electrical and material constraints.
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong crypto exchange OSL sees optimism rise as city enters stablecoin era
That assessment was made by Gary Tiu, executive director and head of regulatory affairs at OSL, at a symposium on Thursday about Hong Kong's stablecoin era. 'We will continue to build ecosystems and networks in this space,' Tiu said. 'We are the long-term partner for this space.' Stablecoins are a type of cryptocurrency token that maintain a fixed value by being pegged to a reference asset, typically fiat currencies such as the US dollar. Heightened market anticipation around stablecoins was reflected in OSL's sale of existing shares, top-up subscriptions and new shares last Friday, when it raised HK$2.36 billion (US$300 million).
